Gitcoin Mistakenly Transfers $460,000 to an Unrecoverable Address

posted  9 Oct 2023
Photo - Gitcoin Mistakenly Transfers $460,000 to an Unrecoverable Address
Crypto platform Gitcoin accidentally sent 521,440 GTC ($460,000) from its treasury to an unrecoverable smart contract address.

The team has acknowledged the oversight and emphasized the importance of handling DAO funds with caution.

Some users, meanwhile, suggested viewing the token loss as a straightforward reduction in supply.